The world would need as much as $215 trillion in cumulative investments to achieve a fully decarbonized global energy system by 2050, research provider BloombergNEF (BNEF) said in a report on Tuesday. This investment would be 19% higher than an estimated $181 trillion price tag in an Economic Transition Scenario (ETS), in which the energy transition is driven by economics and where the Paris Agreement goals are missed and global warming reaches 2.6 degrees Celsius, according to BloombergNEF’s New Energy Outlook 2024. Investment…
